News Release 05/20

April 17, 2020

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IDA announces the 2020 Business Grant Program Awardees

 

Marceline, MO - The Industrial Development Authority (IDA) of the City of Marceline, Missouri announced today they had a great response to their 2020 Business Grant program. The program application opened on February 3, 2020 and the application period ended on April 10.

 

“The IDA received eight applications for grant assistance from various businesses within Marceline,” said Darrell Gardner Executive Director.  “The grant applications ranged from items such as new equipment like hoists and welders to awnings and even a new shelter for employees in an emergency. One of the Main Street businesses will have a new look because of the grant and the owner’s efforts to improve their businesses.”

 

The following Marceline businesses were awarded a business grant for 2020:

Marceline Therapeutics                              Ok Tavern

SportZone                                                 Hurtt Fabricating

Spencer’s Auto                                         Marceline Auto Repair & Sales

R & R Laser Wash                                    Tiger Pit Fitness

Marceline businesses could apply for up to $1000.00 to help improve any business. The business also was required to match the grant amount. The grant needed to either increase sales or employment or improve the look or integrity of their building. The application process was open to all businesses with a City Occupational License and are current on their taxes. Any projects less than $2000.00 in total cost was matched at 50% of the cost. All projects must be completed by November 30, 2020.

 

“The IDA initially anticipated creating at least $35,000 worth of improvements for the $10,000.00 investment,” Gardner said.  “We are happy to say the total cost of all projects is expected to be in excess of $45,000.00 in total improvements for our business community. I think since the Covid 19 crises was not known at the release of this grant this makes this even more incredible. Our small businesses in Marceline intend to stay in business.”

 

Projects ranged from $1670 to over $18,000 in total project cost. Although the initial budget for this grant program was set at $10,000, the actual amount the IDA approved for grants was a little over $7,700.  All grant applications received were evaluated and considered worthy projects, meeting the IDA objectives for the program and all grant applications were approved.

 

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Media contact information:

Darrell Gardner

Executive Director, Marceline IDA

Phone:  (660) 376-2000